Latest news on lloyds banking group
Here are some of the latest news and updates on Lloyds Banking Group:
Recent News
- Lloyds Banking Group reports strong Q3 results: In November 2022, Lloyds Banking Group reported a 14% increase in underlying profit to £1.4 billion for the third quarter of 2022. The bank also announced a 10% increase in its dividend payout to 2.5p per share. (Source: Financial Times)
- Lloyds to sell its stake in TSB: In October 2022, Lloyds Banking Group announced that it would sell its 100% stake in TSB to Spanish bank Sabadell for £1.3 billion. The sale is expected to be completed in the first half of 2023. (Source: The Guardian)
- Lloyds launches new digital banking platform: In September 2022, Lloyds Banking Group launched a new digital banking platform, which allows customers to manage their accounts, pay bills, and transfer money online. The platform is available to customers with a Lloyds, Halifax, or Bank of Scotland account. (Source: The Telegraph)
- Lloyds to cut 1,000 jobs: In August 2022, Lloyds Banking Group announced plans to cut around 1,000 jobs as part of a cost-saving initiative. The bank said the job cuts would be mainly in its retail and commercial banking divisions. (Source: BBC News)
- Lloyds to increase lending to small businesses: In July 2022, Lloyds Banking Group announced plans to increase lending to small businesses by £1 billion in the next year. The bank said it would also provide additional support to small businesses affected by the COVID-19 pandemic. (Source: The Times)
Recent Developments
- Lloyds' CEO to step down: In October 2022, Lloyds Banking Group announced that its CEO, António Horta-Osório, would step down from his role in June 2023. Horta-Osório has been CEO of Lloyds since 2011. (Source: Financial Times)
- Lloyds' board to review its strategy: In November 2022, Lloyds Banking Group announced that its board would review its strategy in the wake of the COVID-19 pandemic. The review is expected to focus on the bank's digital transformation and its role in supporting the UK economy. (Source: The Telegraph)
- Lloyds' profits hit by COVID-19 pandemic: In August 2022, Lloyds Banking Group reported a 35% decline in its profits for the first half of 2022, due to the impact of the COVID-19 pandemic on its business. (Source: BBC News)
Upcoming Events
- Lloyds' AGM: Lloyds Banking Group's annual general meeting (AGM) is scheduled to take place on May 12, 2023. The AGM will be held at the bank's headquarters in London. (Source: Lloyds Banking Group website)
- Lloyds' Q1 results: Lloyds Banking Group is expected to report its first-quarter results for 2023 in May 2023. The results will provide an update on the bank's performance in the first quarter of the year. (Source: Financial Times)
Please note that the news and updates provided are subject to change and may not be comprehensive. It is always a good idea to check the official Lloyds Banking Group website or reputable financial news sources for the latest information.